[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.05.25 18:25
• [China's cumulative installed power generation capacity is 3.99 billion kilowatts]
• On May 25, 2026, the National Energy Administration released national electricity statistics for the months of January to April. As of the end of April, the cumulative installed power generation capacity in China was 3.99 billion kilowatts, a year-on-year increase of 14.2%. Among them, the installed capacity of solar power generation was 1.25 billion kilowatts, a year-on-year increase of 26.2%; The installed capacity of wind power was 660 million kilowatts, a year-on-year increase of 22.0%.Editor/Gong Ziwei

• 2026.05.25 18:19
• [CEEC overseas photovoltaic project put into operation in Algeria]
• Recently, the 220 MW photovoltaic power station in Biscara, Algeria, constructed by China Power Construction, has been officially completed and put into operation. After the power station is put into operation, it is expected to generate 374 million kilowatt hours of electricity annually, saving 112200 tons of fossil energy and reducing 373000 tons of carbon dioxide emissions annually. The successful operation of the project marks the official integration of Algeria's first batch of photovoltaic green power into the national power grid, providing replicable and promotable benchmark experience for subsequent new energy project construction.Editor/Gong Ziwei